Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0139
Organization's ID:
AU 60
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
8 weeks (32 -- 48 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 2 Insurance or Commercial Insurance
Description

Objective:

The course objective is to provide learners with an overview of underwriting principles and practices that are important to commercial underwriters that will enhance their effectiveness and enable them to make smarter underwriting decisions.

Learning Outcomes:

  • Effectively apply underwriting practices to their everyday work. This is accomplished through a solid understanding of how fundamental commercial underwriting principles, such as sources of internal and external information available to underwriters for
  • General underwriting concerns for insuring business enterprises
  • The use of financial analysis of financial statements to evaluate an account
  • The underwriter's role in pricing the insurance product and the various rating plans that can be used to tailor insurance pricing. The course concludes with a discussion on the importance of communication and negotiation in every interaction an underwrit

General Topics:

  • Fundamentals of underwriting
  • Underwriting regulation
  • Underwriting information
  • Underwriting the commercial organization
  • Understanding financial statements
  • Analyzing financial statements
  • Pricing the insurance product
  • Communication and negotiation for underwriters
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials